All Points Inside the Production Possibilities Curve Indicate

question 1

Multiple Choice

All points inside the production possibilities curve indicate

• A) a lack of sufficient supply.
• B) inefficiency in production.
• C) the law of increasing relative cost.
• D) the law of decreasing relative cost.

---

Definitions:

Self-efficacy

Describes an individual's belief in their capacity to execute behaviors necessary to produce specific performance attainments.

Expectation

A belief or anticipation about the way events, behaviors, or processes should unfold.

Opportunity Presented

A situation or condition that makes it possible to do something that one wants to do or has to do.

Admit

To confess or acknowledge something, often reluctantly.